Greenwood Capital Associates LLC Sells 378 Shares of APA Co. (NASDAQ:APA)

Greenwood Capital Associates LLC lowered its holdings in APA Co. (NASDAQ:APA) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,598 shares of the company’s stock after selling 378 shares during the period. Greenwood Capital Associates LLC’s holdings in APA were worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of APA. Pathstone Family Office LLC bought a new position in shares of APA in the 3rd quarter valued at about $435,000. Deutsche Bank AG grew its position in shares of APA by 10.3% in the 3rd quarter. Deutsche Bank AG now owns 691,595 shares of the company’s stock valued at $28,425,000 after acquiring an additional 64,821 shares during the period. Rhumbline Advisers lifted its stake in shares of APA by 0.3% during the 3rd quarter. Rhumbline Advisers now owns 615,754 shares of the company’s stock worth $25,307,000 after buying an additional 2,050 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of APA during the 3rd quarter worth about $212,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of APA by 13.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 38,861 shares of the company’s stock worth $1,597,000 after buying an additional 4,594 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APA shares. Truist Financial cut their target price on shares of APA from $59.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, April 5th. JPMorgan Chase & Co. raised their target price on shares of APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Citigroup cut their target price on shares of APA from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Mizuho raised their target price on shares of APA from $34.00 to $35.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 21st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of APA in a research note on Monday, April 8th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, APA presently has a consensus rating of “Hold” and an average target price of $40.52.

APA Price Performance

APA stock traded down $0.75 during mid-day trading on Friday, hitting $27.82. The stock had a trading volume of 9,514,786 shares, compared to its average volume of 5,333,219. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.42. APA Co. has a 52 week low of $27.36 and a 52 week high of $46.15. The firm has a market capitalization of $10.33 billion, a P/E ratio of 3.11 and a beta of 3.24. The firm has a fifty day simple moving average of $30.88 and a 200 day simple moving average of $32.22.

APA (NASDAQ:APA) last released its earnings results on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. APA’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 earnings per share. As a group, research analysts forecast that APA Co. will post 4.58 EPS for the current year.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Monday, July 22nd. APA’s dividend payout ratio (DPR) is presently 11.19%.

APA Profile

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.